7412 sqft
$1,575,000
Fantastic investment opportunity in the heart of Preston. A well-maintained mixed-use building with quality, long term residential and commercial tenants make this a true turn-key future. Current cap rate approx 5.6% with a market rate closer to 8% after future tenant turnover. With 4 residential units and 2 commercial, this building offers a good mix of income streams with great upside potential. 2 - two bedroom units and 2 - one bedroom units on the upper levels. Main floor commercial with great street exposure and long-term leases. Potential for additional storage income. Parking for 3 vehicles out back. Schedule a viewing today! (id:56248)
Property Details
MLS® Number
|
40556695 |
Property Type
|
Office |
AmenitiesNearBy
|
Airport, Hospital, Public Transit, Schools |
CommunicationType
|
High Speed Internet |
CommunityFeatures
|
High Traffic Area |
Features
|
Visual Exposure, Paved Driveway |
Building
BasementType
|
Full |
ConstructionMaterial
|
Concrete Block, Concrete Walls |
ExteriorFinish
|
Brick, Concrete |
FireProtection
|
Alarm System |
FoundationType
|
Poured Concrete |
StoriesTotal
|
2 |
SizeExterior
|
7412.0000 |
SizeInterior
|
7412 Sqft |
UtilityWater
|
Municipal Water |
Land
AccessType
|
Road Access, Highway Access |
Acreage
|
No |
LandAmenities
|
Airport, Hospital, Public Transit, Schools |
Sewer
|
Municipal Sewage System |
SizeFrontage
|
44 Ft |
SizeTotalText
|
Under 1/2 Acre |
ZoningDescription
|
C1rm2 |
Utilities
Electricity
|
Available |
Natural Gas
|
Available |
Telephone
|
Available |
https://www.realtor.ca/real-estate/26707370/660-e-king-street-e-cambridge